The former Anheuser-Busch estate, one of the largest waterfront properties in East Fort Lauderdale, is now on the market listed for $19.25 million. 1000 Riviera Isle Drive is 9,392 sq.ft. with over 525 feet of deep water frontage. The estate was originally built in 1938 for the Anheuser-Busch family and is now owned by Canadian TV Star, Michael Wekerie.
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Douglas Elliman Releases Q3 2020 Florida Regions Market Reports For South Florida
Douglas Elliman has just released their Q3 2020 Market Reports for Florida regions, which were prepared in conjunction with Jonathan Miller of Miller Samuel INC. The reports have revealed that sales rose sharply higher year over year, rebounding quickly from the restraint of spring market activity at the onset of the COVID-19 crisis.
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Elevate Partners Locks Down $92 Million In Financing For The Newly Completed Four West Las Olas Apartment Tower
Elevate Partners, led by Scott Bodenweber and Tom Vogel, have locked down $92 million in 3-year bridge financing with optional extension for Four West Las Olas. The loan was provided by the New York-based Benefit Street Partners Realty Trust, who provided $76 million of senior debt, and the West Palm Beach-based Electra Capital who provided $16 million in mezzanine financing.
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Miami, Palm Beach County and Fort Lauderdale recover about 28,000 jobs since the start of the COVID-19 pandemic
Almost 28,000 jobs have been recovered since the beginning of the COVID-19 pandemic in Miami, Palm Beach County and Fort Lauderdale. Majority of these jobs fall into the government, hospitality and retail sectors. The Bureau of Labor Statistics released data showing the Miami market has gained over 16,000 jobs in August, Palm Beach has gained about 7,000 and Fort Lauderdale has gained over 5,000.
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Cardone Capital Acquires Port Royale Apartments In Fort Lauderdale Via Crowdfunding Campaign
Cardone Capital, led by the “10X Rule” author and founder of the 10X Movement Grant Cardone, has acquired the Port Royale Apartments in Fort Lauderdale in one of the largest crowdfunding real estate deals to ever close in South Florida.
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Construction At Fort Partners' Kobi Karp-Designed Four Seasons Hotel And Private Residences Fort Lauderdale Passes Halfway Point
The Miami-based development firm Fort Partners has announced that construction at Four Seasons Hotel and Private Residences Fort Lauderdale has now surpassed its halfway mark. The construction velocity has put the development on schedule to top off later this year, ahead of its 2021 opening.
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Tricera Capital And Merrimac Ventures Close On Society Las Olas Retail Acquisition
Tricera Capital and Merrimac Ventures have acquired the ground-floor retail space within the newly developed Society Las Olas mixed-use project in downtown Fort Lauderdale developed by PMG. The purchase of the prime 301 SW First Ave. space closed on Aug. 27.
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One Of The Last Development Sites On Downtown Fort Lauderdale's Federal Highway Corridor Is Asking $12.5 Million
One of the last development sites on downtown Fort Lauderdale’s Federal Highway corridor has hit the market asking $12.5 million. Located at 150 N. Federal Hwy., the property is being marketed for sale by Native Realty, the Fort Lauderdale-based commercial brokerage led by founder and CEO Jaime Sturgis.
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Douglas Elliman Releases Q2 2020 South Florida Market Reports
Douglas Elliman has just released their Q2 2020 Market Reports for South Florida, which were prepared by Miller Samuel, a leading independent appraisal firm. The reports, which cover the areas such as Boca Raton, Delray Beach, Fort Lauderdale, Miami Beach, and the Miami Coastal Mainland, have revealed that the COVID-19 market shutdown during much of the second quarter caused sales to fall sharply in South Florida.
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OKO Group's Vladislav Doronin Buys Fort Lauderdale Assemblage for $63 Million
A land trust controlled by OKO Group’s Vladislav Doronin, a billionaire real estate developer from Russia who is now has headquarters in New York and Miami, has acquired a 6.7 acre assemblage in Fort Lauderdale for $63 million.
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